MCQOPTIONS
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MCQOPTIONS
This section includes 273 Mcqs, each offering curated multiple-choice questions to sharpen your Common Topics in Competitive and Entrance exams knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Central Bank ofa county is also known as the - |
| A. | Federal bank |
| B. | Chief Commercial Bank |
| C. | Banker of banks |
| D. | Lead Bank |
| E. | None of these |
| Answer» D. Lead Bank | |
| 2. |
Who sets up the Bench Mark Interest Rate for Germany ? |
| A. | German Central Bank |
| B. | Deutsche Bundes Bank |
| C. | European Central Bank |
| D. | Deutsche Bank |
| E. | None of these |
| Answer» D. Deutsche Bank | |
| 3. |
National Insurance Academy located in . |
| A. | Chennai |
| B. | Calcutta |
| C. | Pune |
| D. | Hyderabad |
| E. | None of these |
| Answer» D. Hyderabad | |
| 4. |
A commercial bank law creates credit only if it has |
| A. | Cash in the vault |
| B. | Excess reserves |
| C. | Permission of Reserve Bank of India |
| D. | Cooperation of other banks |
| E. | None of these |
| Answer» B. Excess reserves | |
| 5. |
Which of the following is Annuity Service Provider? |
| A. | Life Insurance Companies |
| B. | Public Sector Banks |
| C. | Private Sector Banks |
| D. | NBFCs |
| E. | None of these |
| Answer» B. Public Sector Banks | |
| 6. |
What is the maximum period within which the aggrieved customer can approach OMBUSAMAN? |
| A. | Within 2 year |
| B. | Within 1 year |
| C. | Within one month |
| D. | No such limitation period |
| E. | None of the above |
| Answer» C. Within one month | |
| 7. |
Service Area Approach (SAA) is associated With? |
| A. | Development banks |
| B. | Branches of commercial banks situated in metro cities |
| C. | Urban branches of commercial banks |
| D. | Rural and Semi-urban branches of commercial banks |
| E. | None of these |
| Answer» E. None of these | |
| 8. |
Working capital requirement depends upon ? |
| A. | Level of activity |
| B. | Nature of Production cycle |
| C. | Types of business carried |
| D. | All the above |
| E. | None |
| Answer» E. None | |
| 9. |
Which of the following terms is used in Banking? |
| A. | Epicenter |
| B. | Pascal |
| C. | Latency |
| D. | Verticity |
| E. | Inflation |
| Answer» F. | |
| 10. |
Which of the following is the headquarters of BCSBI? |
| A. | Chennai |
| B. | New Delhi |
| C. | Mumbai |
| D. | Hyderabad |
| E. | None of the Above |
| Answer» D. Hyderabad | |
| 11. |
Which of the following will be the authorised operational units? |
| A. | BBPCU |
| B. | BBPOU |
| C. | Biller |
| D. | All of the Above |
| E. | None of the Above |
| Answer» C. Biller | |
| 12. |
Banking Ombudsman Scheme is applicable to the business of . |
| A. | All scheduled commercial banks excluding RRBs |
| B. | All scheduled commercial banks including RRBs |
| C. | Only Public Sector Banks |
| D. | Only Private Sector Banks |
| E. | All scheduled banks except private banks |
| Answer» C. Only Public Sector Banks | |
| 13. |
Which of the following organization/agencies has sought an emergency fund of Rs. 1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers? |
| A. | Micro Finance Institutions |
| B. | Regional Rural & Cooperative Banks |
| C. | RBI |
| D. | NABARD |
| E. | None of these |
| Answer» E. None of these | |
| 14. |
Distribution of insurance products and insurance policies by banks as corporate agents is known as . |
| A. | General Insurance |
| B. | Non-life Insurance |
| C. | Bancassurance |
| D. | Insurance Banking |
| E. | Deposit Insurance |
| Answer» D. Insurance Banking | |
| 15. |
Which of the following is not a Public Sector Unit? |
| A. | HPCL |
| B. | HAL |
| C. | SAIL |
| D. | YES Bank |
| E. | IDBI Bank |
| Answer» E. IDBI Bank | |
| 16. |
Who is known as the Father of Economics ? a) Adam Smith |
| A. | Money borrowed or lent for a day or over night |
| B. | Money borrowed for more than one day but upto 3 days |
| C. | Money borrowed for more than one day but upto 7 days |
| D. | Money borrowed for more than one day but upto 14 days |
| E. | None of these |
| Answer» B. Money borrowed for more than one day but upto 3 days | |
| 17. |
Which of the following terms is not used in the field of Economics? |
| A. | Net income |
| B. | Cost of project |
| C. | Flow of fund |
| D. | Balance sheet |
| E. | Cold chain |
| Answer» F. | |
| 18. |
The initial public offer is connected to which among the following: |
| A. | Primary market |
| B. | Secondary market |
| C. | Old issues market |
| D. | gilt edged securities market |
| E. | None of the above |
| Answer» B. Secondary market | |
| 19. |
Interest on saving bank account is now calculated by banks on . |
| A. | Minimum balance during the month |
| B. | Minimum balance from 7th to last day of the month |
| C. | Minimum balance from 10th to last day of the month |
| D. | Maximum balance during the month |
| E. | Daily product basis |
| Answer» F. | |
| 20. |
For which of the following bank account there is no deduction of TDS? |
| A. | Saving Bank accounts |
| B. | Recurring Deposit accounts |
| C. | Term deposit Accounts |
| D. | Both A & B |
| E. | None of these |
| Answer» E. None of these | |
| 21. |
According to the Sarraya Committee, average membership of the society s is . |
| A. | 19 |
| B. | 48 |
| C. | 25 |
| D. | 32 |
| E. | 45 |
| Answer» E. 45 | |
| 22. |
Short-term assets, representing amounts due to a vendor or suppliers of goods or services that were sold on credit terms is known as . |
| A. | Account Receivable |
| B. | Fixed Asset |
| C. | Deposit Asset |
| D. | Current Liabilities |
| E. | None of these |
| Answer» B. Fixed Asset | |
| 23. |
Banks fix separate cash limit and overall spending limit for each credit card. What is the disadvantage in withdrawing cash on credit cards? |
| A. | Cash withdrawn means the credit balance is reduced |
| B. | An amount is charged by the bank as cash withdrawal fees |
| C. | Cash withdrawal fees together with tax is charged to the card holder |
| D. | Less time is given for payment as compared to other debits for purchases |
| E. | None of these |
| Answer» D. Less time is given for payment as compared to other debits for purchases | |
| 24. |
In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF? |
| A. | Debenture |
| B. | G-Sec security |
| C. | Mutual Fund |
| D. | Commercial Paper |
| E. | IPO |
| Answer» D. Commercial Paper | |
| 25. |
M-wallet (mobile wallet) application called Buddy lauched by which of the following bank? |
| A. | Axis |
| B. | State bank of Travancore |
| C. | ICICI |
| D. | SBI |
| E. | None of these |
| Answer» E. None of these | |
| 26. |
Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)? |
| A. | ING Vysya Bank |
| B. | Karur Vysya Bank |
| C. | Lakshmi Vilas Bank |
| D. | Jammu and Kashmir Bank |
| E. | None of these |
| Answer» B. Karur Vysya Bank | |
| 27. |
Which of the following private sector bank re- branded itself as RBS ? |
| A. | Sumitomo Bank |
| B. | Bank of Scotland |
| C. | ABN Amro Bank |
| D. | ICICI Bank |
| E. | Bank of Rajasthan |
| Answer» D. ICICI Bank | |
| 28. |
Axis Bank, in collaboration with the e-retailer has launched Axis Bank Buzz Credit Card payment solution in an attempt to enhance the customer s online shopping experience |
| A. | Flipkart |
| B. | Amazon |
| C. | Abof |
| D. | Infibeam |
| E. | None of these |
| Answer» B. Amazon | |
| 29. |
Which of the following is the purpose of introducing Know Your Customer norms by the banks? |
| A. | Identifying people who do not pay Income Tax |
| B. | To bring more and more people under the banking net |
| C. | To ensure that the money deposited in banks has come from genuine sources |
| D. | None of the Above |
| E. | Both a) and b) |
| Answer» D. None of the Above | |
| 30. |
KYC (Know Your Customer) norms were implemented in the Indian banking system in 2002 as per the directive of ? |
| A. | SEBI |
| B. | RBI |
| C. | IBA |
| D. | IRDA |
| E. | None of these |
| Answer» C. IBA | |
| 31. |
ICICI Bank and Axis Bank has sold Rs.1, 800 crores of loans to paper maker Ballarpur Industries Ltd to Edelweiss Asset Reconstruction Company. Who is present CEO of Axis Bank? |
| A. | Arundhati Bhattacharya |
| B. | Chanda Kochhar |
| C. | Shikha Sharma |
| D. | Naina Lal Kidwai |
| E. | Manjula Chellur |
| Answer» D. Naina Lal Kidwai | |
| 32. |
The SEBI amended the regulations for REITs recently to facilitate their growth, What is the full form of the term REITs? |
| A. | Rural Estate Investment Trusts |
| B. | Regional Estate Innovation Trusts |
| C. | Real Estate Investment Trusts |
| D. | Restructured Estate Investment Trusts |
| E. | None of these |
| Answer» D. Restructured Estate Investment Trusts | |
| 33. |
In terms of Reserve Bank of India (RBI) guidelines, Banks in India must pay a minimum interest on the balances held in Saving bank account at ? |
| A. | 4% |
| B. | 3.50% |
| C. | 5% |
| D. | 6% |
| E. | 7% |
| Answer» B. 3.50% | |
| 34. |
If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves? |
| A. | Interest Rate Risk |
| B. | Operational Risk |
| C. | Liquidity Risk |
| D. | Market Risk |
| E. | Other than the given options |
| Answer» D. Market Risk | |
| 35. |
The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of : |
| A. | Undesirable persons |
| B. | Artificial persons |
| C. | Arrested persons |
| D. | Convicted persons |
| E. | All of the above |
| Answer» B. Artificial persons | |
| 36. |
Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of . |
| A. | Minors |
| B. | Married women |
| C. | Senior citizens |
| D. | Govt. employees |
| E. | Rural residents |
| Answer» D. Govt. employees | |
| 37. |
National Housing Bank(NHB) was set up under |
| A. | National Housing Bank Act, 1987 |
| B. | National Housing Bank Act, 1977 |
| C. | National Housing Bank Act, 1967 |
| D. | National Housing Bank Act, 1957 |
| E. | None of the Above |
| Answer» B. National Housing Bank Act, 1977 | |
| 38. |
Loan of very sall amount given to low income group is called- |
| A. | Cash Credit |
| B. | No Frill Credit |
| C. | Rural Credit |
| D. | Micro Credit |
| E. | Simple Overdraft |
| Answer» E. Simple Overdraft | |
| 39. |
Loan of very small amounts given to low income groups is called ? |
| A. | Cash credit |
| B. | Micro credit |
| C. | Simple overdraft |
| D. | No frills loans |
| E. | Rural credit |
| Answer» C. Simple overdraft | |
| 40. |
Consider these statements:- Statement I RBI decides volume and value of banknotes to be Statement II RBI decides volume and value coins to be minted. |
| A. | Both are true. |
| B. | Both are false. |
| C. | Statement I is true, but statement II is false. |
| D. | Statement I is false, whereas II is true. |
| E. | None of these |
| Answer» D. Statement I is false, whereas II is true. | |
| 41. |
Consider these Statement I Other than Rs. 1000 note, the security threads of the banknotes contain the word Bharat in Devanagari script and RBI alternatively. Statement II In Rs. 1000 note, the security contains the word Bharat in Devanagari 1000 , and RBI . |
| A. | Both are false. |
| B. | Both are true. |
| C. | Statement I is true but II is false. |
| D. | Statement I is false but II is true. |
| E. | None of these |
| Answer» C. Statement I is true but II is false. | |
| 42. |
Which of the Public Sector Bank tagline India s International Bank ? |
| A. | SBI |
| B. | PNB |
| C. | ICICI |
| D. | HDFC |
| E. | BOB |
| Answer» F. | |
| 43. |
Which of the following banks have become the first banks to join SWIFT s global payments initiative? |
| A. | ICICI and HDFC Bank |
| B. | IndusInd Bank and SBI |
| C. | PNB and Federal Bank |
| D. | Axis Bank and ICICI |
| E. | ICICI and SBI |
| Answer» E. ICICI and SBI | |
| 44. |
The headquarters of Investment Information & Credit Rating Agency(ICRA) Limited is located in |
| A. | Mumbai |
| B. | New Delhi |
| C. | Noida |
| D. | Gurugram |
| E. | Hyderabad |
| Answer» E. Hyderabad | |
| 45. |
The Canada Pension Plan Investment Board (CPPIB) received the Reserve Bank of India's approval to increase its stake beyond five per cent to 10 per cent in |
| A. | Axis Bank |
| B. | Kotak Mahindra Bank |
| C. | YES Bank |
| D. | IDFC Bank |
| E. | Federal Bank |
| Answer» C. YES Bank | |
| 46. |
When was the 2nd phase of nationalization of banks done? |
| A. | 15th April 1980 |
| B. | 25th june 1969 |
| C. | 20th Aug. 1979 |
| D. | 15th Aug. 1980 |
| E. | None of these |
| Answer» B. 25th june 1969 | |
| 47. |
The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country |
| A. | England |
| B. | USA |
| C. | France |
| D. | Switzerland |
| E. | None |
| Answer» E. None | |
| 48. |
Islamic Development Bank located in which country? |
| A. | Qatar |
| B. | Saudi Arabia |
| C. | Yemen |
| D. | Iraq |
| E. | Oman |
| Answer» C. Yemen | |
| 49. |
The relationship between RBI and the Bank maintaining the currency chest is that of? |
| A. | Creditor and Debtor |
| B. | Bailor and Bailee |
| C. | Principal and Agent |
| D. | Debtor and Creditor |
| E. | None of these |
| Answer» D. Debtor and Creditor | |
| 50. |
Where is the head quarter of world Health organization (WHO)? |
| A. | New York |
| B. | Jeneva |
| C. | Peris |
| D. | London |
| E. | None of these |
| Answer» C. Peris | |